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4. The Theory of Monopoly Price: From Menger to Rothbard

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06/08/2005Joseph T. Salerno

Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts.

Lecture 4 of 10 from  Joseph Salerno's Revisionist History and Contemporary Theory.

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Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

 
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